China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans and the End of the Chinese Miracle
In his new book “China’s Great Wall of Debt”, Dinny McMahon, suggests that China has powered ahead for as long as it has not because it is immune to crises, but because its government has so far managed to intervene to stave them off. His book argues, specifically in relation to rising debt levels, that this offers no guarantee that the debt problem can be pushed down the road indefinitely.